In a 1-2 page paper, introduce Tootsie Roll Industries Inc., report on the external auditor's report and then complete the blue cells on tab one of the excel sheet. Introduction: Should engage investors providing them with information pertinent to an in

In a 1-2 page paper, introduce Tootsie Roll Industries Inc., report on the external auditor's report and then complete the blue cells on tab one of the excel sheet.
Introduction: Should engage investors providing them with information pertinent to an investment decision in Tootsie Roll Industries, Inc. You might address a short history, company values, company goals, product lines, industry challenges, risks and other interesting facts. You can find much of this information on Tootsie Roll Industries Inc. website as well as the first few pages of the annual report. Use professional writing and correct APA format.
Auditor's Report: Please study the document located here before beginning this part of the course project. It will help you understand the background of what you will be reading in the auditor's opinion letter.
Answer the following questions:
•    To whom is the letter addressed?
•    For what is management responsible?
•    For what is the auditor responsible?
•    Does the auditor give absolute assurance that the financials are free of material error?
•    What is the level of assurance given by the auditor?
•    What policies and procedures does a company's internal control over financial reporting include?
•    Who is the audit firm that signed the letter?
Excel Spreadsheet: Download this spreadsheet and complete the blue highlighted cells for week two. Tootsie Roll Industries Spreadsheet.

To access Tootsie Roll Industries Inc.'s annual report and other financial information you can use the database Mergent from our library resources. Click on the following link and scroll to the bottom. Use the library database Mergent. http://guides.rasmussen.edu/business

Submit your completed assignment to the drop box below. You should have a Word document and an Excel spreadsheet. Please check the Course Calendar for specific due dates.
Complete blue highlighted areas only for week 1. There are no calculations this week. Keep a copy of this spreadsheet for use in week 8.                                   
Table I Vertical and Horizontal Analysis                                   
Tootsie Roll Industries (TR)                Vertical Analysis year 1    Vertical Analysis Year 2    Horizontal Analysis           
Income Statement    Year 1 (enter the years used)    Year 2    Year 3                       
Revenue (Net Product Sales)                                   
Cost of Goods (Product Cost of Goods Sold)                                   
Product Gross (Profit) Margin                                   
Total Operating Expenses (selling, mkting, admin)                                   
Earnings from Operations                                   
Interest Expense                                   
Income Taxes                                   
Net Earnings (after tax)                                   
                                   
Balance Sheet                                   
Cash/cash equivalents (cash)                                   
Investments (short term)                                   
Net Accounts Receivable (Trade)                                   
Inventory (materials, WIP, FG)                                   
Total Current Assets                                    
Net Fixed Assets(PPE, net)                                   
Total Assets                                   
Total Current Liabilities                                   
Total Noncurrent Liabilities                                   
Total Liabilities                                   
Total Stockholders Equity                                   
Total liabilities + Stockholders Equity                                   
                                   
Other Information                                   
Stock Price at end of year                                   
Dividends paid Common shareholder                                   
Outstanding Shares Common Stock                                   
Basic EPS (Earnings Per Share)                                   
Treasury Stock                                   
Auditing Firm                                   
                                   
Prepared by your name                                   
Select numbers taken from financial statements                                   
       Include the source here